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Labour Market Information (LMI)

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Presentation on theme: "Labour Market Information (LMI)"— Presentation transcript:

1 Labour Market Information (LMI)
Introduce yourself Here to talk about labour Market Information and how it can help you with making decisions about your future learning choices and in choosing a career.

2 What is Labour Market Information? (LMI)
Ask the students what they think LMI is Move to next slide

3 What is LMI? It can tell us: Where jobs are currently located
Which jobs are increasing and which are declining Which skills will be needed in the future Current size of industrial sectors and changes which might be expected in coming years Where there are shortages or oversupply of potential employees and skills Hours and wages that can be realistically be expected Skills employers are seeking Entry routes into jobs, careers and sectors This information can help in making decisions about your future learning choices and in choosing a career. Explain LMI usually refers to data found in tables, spreadsheets, maps, graphs, charts, reports and newspaper articles, or it may exist informally and anecdotally. LMI is good quality information about what is happening nationally, regionally and locally in the job market.

4 Can you think where you might find LMI?
Ask the students where they think you might find LMI Move to next slide

5 Where is LMI? Watching the TV News/news programmes Reading newspapers
LMI is all around you and can be found by: Watching the TV News/news programmes Reading newspapers Researching companies on the internet Following companies on social media Taking part in work experience – you may not want to work in the company but its great experience you can use when applying for jobs or college Speaking to family and friends about what they do and the skills they have Speaking to staff at school/college about what’s happening in the area Asking questions of visitors that come in to school/college about where they work and what they do Having a part time job – you are already gaining skills and knowledge about what its like at work LMI is collected by a variety of organisations, including government departments and agencies, employer and professional organisations, trade unions, academics, as well as sector skills councils. There are a number of key sources of LMI: LMI Humber Humber LEP National Careers Service NOMISWEB (Office for National Statistics) Bridging the Gap Humber

6 Our Local Labour Market
Key Sectors in the Humber Business & Retail Chemicals Construction Creative & Digital Energy Engineering Food & Agriculture Health & Social Care Manufacturing Ports & Logistics Public Sector Visitor Economy In the Humber there are 12 highlighted growth sectors. These are sectors are key to our local economy, these sectors adapt and change depending on what is happening in the local labour market for example: The Energy Sector didn’t exist 10 years ago, this is a new sector because of the increase of Renewable Energy and as a result business and jobs have developed in this are The Visitor Economy was previously referred to as the Leisure & Tourism sector however we live very different to how people did 30 years ago and there is now a demand for services such as catering (meals out, take aways etc), fitness, health spas, gaming and theatres/Cinemas. People are also travelling more for these things as well as taking more holidays. The Creative & Digital Sector is one that has changed the most over the past 10 years with the introduction of New Technology and this is constantly changing. New Technology is the main reason for old jobs disappearing and due to this development there will be more jobs needing higher level skills. Just think about self service check outs at supermarkets and internet shopping.

7 Changes in the Labour Market
What changes do you think are happening in the labour market? Ask the students “What changes do you think are happening in the local labour market?”

8 Changes in the Labour Market
New Technology is being developed all the time Economy – Recession -Brexit Investment in the Local area e.g. Siemens People are living longer Skills of people around the world are improving “Green” issues; we must take more care of the environment (Energy Sector) What does this mean for you? Out In Unskilled Small Companies Manual Self Employment Mass-production Short Term Contracts Auto-Engineering High Technology Mining Employability Skills Qualifications

9 How has this impacted on our Key Sectors?
Ask the students if they think these changes in the local labour market have impacted what is happening in our key sectors in terms of has one sector grown and others declined?

10 Trends Trends in employment vary from Sector to Sector and can be affected by a number of factors. Since 2016 there have been significant changes in number of employees in occupational areas, some of this is due to the “brexit” impact with migrants employed in these sectors returning to their country of origin decreasing the numbers employed in those sectors.  This does not mean that those sectors are declining in terms of employment opportunities,  in the case of construction and Health & Social care there are big skills gaps and a large number of vacancies unfilled. Talk about how the impact of the recession and government savings has meant redundancies and reduced workforce in this sector and we class this as a declining sector but that doesn’t mean there are no employment opportunities as opportunities will be available with the natural turnover of staff and an aging workforce. The energy sector is growing in this area because of the development of the wind farms in region and the jobs related to these. For example the new wind farm being built by Orsted off the coast at Hornsea will create 800 jobs in the construction phase.

11 Quick Facts Lets have a quick look at some LMI for each of the 12 Key Sectors Business & Retails – There are around 360,000 jobs in this sector in the Humber covering 600 occupation areas account for nearly 23 % of all employment in the area Chemicals – The chemical Industry employs approximately 5,000 people in the Humber and generates a turnover of £6 billion Construction - 190,000 of the workforce nationally is due to retire in the next 5yrs Creative & Digital – UK is the 4th Largest producer of computers games and Hull is one of the fastest growing digital sectors outside of London Energy – When completed the Offshore Wind Farm at Hornsea will be the largest in the world Engineering – The engineering industry requires more qualified people Food & Agriculture – 96% of businesses in the Humber employ fewer than 10 people Health & Social Care – The NHS remains the biggest employer in the UK despite cuts in government spending and this is not expected to change Manufacturing – Manufacturing is creating high skilled jobs and needs 750,00 by 2020 to replace those leaving Ports & Logistics – The Humber is the 5th Largest port in Europe with and only 36% workforce is under 34 Public Sector – There are a variety of different careers in this sector including, solicitor, accountants, marketing and teachers Visitor Economy – This sector is predicated to grow at an annual rate of 3.8% annually through to 2025

12 Manufacturing Sector Jobs in Manufacturing: Food Processing Worker
Packing Operative Glass Processor Window Fabricator Plant Operative Shift Manager Quality Control Inspector Health & Safety Advisor Factory Manager Production Planner Consumer Scientist Company Director Salaries Start from £16,000 and can go up to £60,000+ depending on the level and your qualifications Lets look at one of the sectors in more detail now. Manufacturing is the production of goods from the beginnings as raw materials to after sales services. Manufacturing today is usually high-tech production on a large scale. Most manufacturing processes are automated to ensure products meet quality standards and can be produced in large volumes to meet demand. Advanced manufacturing involves the use of technology to improve products and processes. Currently 40% of manufacturers say 40% of their workforce is above the age of 50, and while they are keen to keep hold of these workers – who often possess specialist skills – there is a growing need to attract the next generation. 76% of manufacturers currently have at least one EU national working in their business, and on average EU nationals make up 11% of a manufacturer’s workforce. Any reduction in the availability of EU nationals will only make the skills shortage worse. The manufacturing sector has adopted new technologies and provided new jobs for workers. The industry is now experiencing exciting and exponential change, as technologies such as artificial intelligence (AI), robotics, and Internet of Things (IoT) are rapidly changing the workplace. While some predicted that these new technologies would eliminate jobs, the reverse has happened—more jobs are being created. Manufacturing supports young people; 66% of manufacturers plan to recruit an engineering apprentice in the next 12 months. Manufacturing is creating high-skilled jobs; the sector needs 750,000 science, technology and engineering professionals to replace those leaving the industry by 2020. The Manufacturing Sector accounts for 22% of the region's workforce, employing over 80,000 people Yorkshire & the Humber is the country’s largest food producing region Manufacturing of Chemicals and pharmaceuticals is prominent in the Humber 25% people employed in the sector are women nationally and this is increasing year on year Nationally around 10% of the workforce is aged 16-24 Manufacturing workers often work shifts 24 hrs a day 365 days a year Manufacturing pays higher wages than the national average; the average weekly pay in the manufacturing sector is approx.17% higher than the whole economy average. CAN-PACK UK has produced its 10 billionth can, enough cans to stretch to the moon and back. The pant produces 6 million cans a day. Employers in this sector look for people with employment skills: Problem Solving Business & Customer Awareness Application of Number Communication & Literacy Application of IT Self Management Team Working You will be using these skills in every life and at school and it is good to give employers real life examples of these when applying for jobs. Useful GCSE’s to have for this sector include: Maths Science Design & Technology Engineering IT A lot of newer and really exciting engineering jobs that offer a good salary package need a science, technology and maths base. Jobs in Manufacturing range from entry level through to degree level: Food Processing Worker – Entry Level Packing Operative Glass Processor Window Fabricator Plant Operative Shift Manager – Mid Level Quality Control Inspector Health & Safety Advisor Factory Manager Production Planner Consumer Scientist – Degree Level Company Director Salaries Start from £16,000 and can go up to £60,000+ depending on the level and your qualifications More detailed information on this is available on the sector profiles.

13 Get a Career in the Manufacturing Sector

14 Future Skills Higher skilled jobs/professional will account for 70% of jobs IT& Software Employability skills Aptitude as well as academic qualifications – competency based interviews 65% of you will do jobs that have not yet been invented In future 50% of jobs will require level 4 or higher qualifications Attitude Based on what we’ve learned about LMI we can see that future skills will include: Higher skilled jobs/professional will account for 70% of jobs IT& Software Employability skills Aptitude as well as academic qualifications – competency based interviews 65% of you will do jobs that have not yet been invented 50% of jobs will require level 4 or higher qualifications Attitude

15 Future Jobs Social Media Strategists Bloggers User Experience Analyst
Video Journalist Elderly Care Virtual Lawyer The Cloud Services Specialist And new jobs will be created that we aren’t even aware of yet – think robots! Based on what we’ve learned about LMI we can see that new and future jobs include: Social Media Strategists Bloggers User Experience Analyst Video Journalist Elderly Care Virtual Lawyer The Cloud Services Specialist And new jobs will be created that we aren’t even aware of yet – think robots!

16 The Message for Young People
Employers need a skilled and flexible workforce Do your research – Explore a number of career options Keep up-to-date with Industry – watch the news or look online Skills Development – Keep Learning Change is ongoing

17 More Information

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